A security contractor said the man was working for an oil services firm when he was seized by unidentified gunmen in the city of Port Harcourt.
Click to continue reading “Gunmen abduct Scottish oil worker in Nigeria”
News and information on Royal Dutch Shell Plc.
A security contractor said the man was working for an oil services firm when he was seized by unidentified gunmen in the city of Port Harcourt.
Click to continue reading “Gunmen abduct Scottish oil worker in Nigeria”
Nov. 28 (Bloomberg) — Nigeria LNG Ltd. declared force majeure on cargo deliveries after Shell Petroleum Development Co. shut the Soku gas plant in the southern delta to repair damage caused by thieves.
Click to continue reading “Nigeria LNG Declares Force Majeure as Soku Plant Shut”
The slump in crude oil prices is putting more development projects on ice. Shell today withdrew its application to build a 100,000 barrels daily oil sands mining project near Peace River in Northern Alberta. Last week Shell delayed expansion of its existing tar sands operation
Click to continue reading “Oil slump hamstrings Shell, Irving projects”
FAIRBANKS — The head of Shell Alaska said the oil giant might appeal a recent court ruling that has indefinitely delayed plans to drill exploratory wells in the Beaufort Sea during 2009.
Click to continue reading “Shell Alaska debates appeal to Beaufort Sea drilling delay”
SINGAPORE (Reuters) – Oil fell below $54 a barrel on Friday, on course to end the month down more than 20 percent, as OPEC ministers prepared to meet in Cairo to discuss potential further supply cuts as the global economic slowdown crimps oil demand.
Click to continue reading “Oil falls below $54 ahead of OPEC meeting”
MOSCOW (Reuters) – Russia’s TNK-BP, half-owned by oil major BP is cutting downstream business staff at its head office and expects oil production to suffer if oil prices do not recover in 2009, a company executive said on Thursday.
Click to continue reading “TNK-BP cuts staff, sees risks at $50 oil”
U.S. oil group Chevron developing Kazakhstan’s biggest oil deposit, said on Friday it had received a note from the authorities accusing it of neglecting Kazakh as a language of business communication.
Click to continue reading “Want to do business in Kazakhstan? Learn Kazakh”
Having failed twice in two months to calm plunging oil markets, OPEC ministers are set to weigh another round of steep production cuts as the world’s economic travails continue to drive crude prices to levels unseen in years.
Click to continue reading “OPEC to Discuss Another Round of Production Cuts”
Royal Dutch Shell PLC said yesterday that it has withdrawn an application to build its 100,000-barrel-a-day Carmon Creek oil sands project, near Peace River in northwest Alberta. The company will now seek to reduce the costs of development before it goes back to regulators.
Click to continue reading “Shell stall plans amid slump in prices”

By Howard Mustoe
Nov. 28 (Bloomberg) – Dutch Shell Plc (RDSA LN): Europe’s largest oil producer delayed seeking regulatory approval for its Carmon Creek oil-sands development in Canada, the second project the company has slowed as crude prices slide. Shell rose 55 pence, or 3.3 percent, to 1,733 pence.